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Technology Stocks : OCCF: Optical Cable Corp

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To: Lester Fong who wrote (497)9/3/1997 7:05:00 PM
From: James Burke   of 545
 
These results are disappointing. Has Kopstein forgotten his three year
projections he posted just this past December? OCCF is nowhere near them. How can he say that the third quarter sales met internal targets when they are nowhere near the 1997 targets he set just 9 months ago? I still hold half of my original IPO shares and I know short interest is high, but I don't see this stock going up much until the eps numbers get much better.

Here are projections Kopstein made last December. The press release is still on their website. They're only at half the 1997 eps and sales estimates after 9 months.

1996 1997 1998 1999
---------- ---------- ---------- ----------
SALES $45.2 M $62.7 M $91.5 M $136.8 M

EPS $0.19 $0.31 $0.45 $0.69

Has anyone contacted the company with regard to how much they are off from these projections? I would be interested in his reply.

(Sorry for the messed up table - couldn't figure out how to get it to
display right.)
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